10/29/2014 – A negative day with the Dow Jones down 32 points (-0.19%) and the Nasdaq down 15 points (-0.33%).
With QE now over, we are about to find out if it was the real economy that kept the stock market afloat or the monopoly money flow from the FED. At least this guy believes the market is heading higher Four reasons the market will rally for the rest of 2014. To spare you some time, here are his reasons…..
- The market is too scared.
- The US Economy is awesome.
- Strong seasonality.
- We will never have another 2008 recession/depression.
I only wish this article was around at October 14th bottom. Yet, he left out the most important fact of all. If Michelle Obama divorces Barack, that would add at least 2 points to our overall GDP growth.
On a more serious note, anyone who makes investment decisions based on such hogwash is bound to lose money. In reality, this situation is the most complex it has been in quite a few years. Consider the following. The stock market is in a massive speculative bubble, the yield curve continues to flatten (suggesting recession ahead), the FED just ended QE and we are overdue for a bear market. In other words, the risk is too high.
This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2014-2017. In fact, when it starts it will very quickly retrace most of the gains accrued over the last few years. If you would be interested in learning when the bear market of 2014-2017 will start (to the day) and its internal composition, please CLICK HERE
(***Please Note: Due to my obligations to my Subscribers I am unable to provide you with more exact forecasts. In fact, I am being “Wishy Washy” at best with my FREE daily updates here. If you would be interested in exact forecasts, dates, times and precise daily coverage, please Click Here). Daily Stock Market Update. October 29th, 2014 InvestWithAlex.com
Did you enjoy this article? If so, please share our blog with your friends as we try to get traction. Gratitude!!!
